Phone Icon Request a Callback


Solicitors need to verify where your money is coming from because it is an essential aspect of client due diligence.

They do this to ensure that your money does not come from any criminal activities and that you are not using the firm as a vehicle to clean that money for instance.

For example, if you purchase a house, a conveyancer has to comply with anti-money laundering regulations and verify where the funds you are using to buy the property are coming from. To do that, they must also ensure that your financial situation is consistent with the property’s value. Law firms do this because it is their legal duty under Regulations 27 and 28 of The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.

By doing this, they aim to prevent criminals from potentially using law firms to launder money. 


Contact Us

At GloverPriest, we understand navigating the law can be a difficult task to take on alone. That’s why we created this comprehensive guide to help promote information for everyone to use.

If you’re looking to speak to a solicitor, please call us from the number below. Alternatively, you can fill out our online form and we’ll be right with you.

Phone Icon 0121 794 5814

Take a look at some of our more frequently asked questions.

We are confident you'll find the information useful, and if you would like to know more or your question is not covered please contact us using our contact form at the foot of the page, or alternatively call us.

We use cookies to improve your experience and to help us understand how you use our site. By using this site, you accept our use of cookies. Learn more x